diff --git a/CHANGELOG.md b/CHANGELOG.md
index 331d623300..f6d17b25b0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [1.0.4] - 2024-02-08
+
 ### Changed
 * AVIF_ENABLE_WERROR is set to OFF by default.
 * Fix wrong alpha plane deallocation when decoded tile pixel format does not
@@ -1006,6 +1008,7 @@ code.
 - `avifVersion()` function
 
 [Unreleased]: https://github.com/AOMediaCodec/libavif/compare/v1.0.0...HEAD
+[1.0.4]: https://github.com/AOMediaCodec/libavif/compare/v1.0.3...v1.0.4
 [1.0.3]: https://github.com/AOMediaCodec/libavif/compare/v1.0.2...v1.0.3
 [1.0.2]: https://github.com/AOMediaCodec/libavif/compare/v1.0.1...v1.0.2
 [1.0.1]: https://github.com/AOMediaCodec/libavif/compare/v1.0.0...v1.0.1
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 6be1d097ba..cdf6214647 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -11,7 +11,7 @@ endif()
 # Specify search path for CMake modules to be loaded by include() and find_package()
 list(APPEND CMAKE_MODULE_PATH "${CMAKE_CURRENT_SOURCE_DIR}/cmake/Modules")
 
-project(libavif LANGUAGES C VERSION 1.0.3)
+project(libavif LANGUAGES C VERSION 1.0.4)
 
 # Set C99 as the default
 set(CMAKE_C_STANDARD 99)
@@ -25,7 +25,7 @@ set(CMAKE_C_STANDARD 99)
 #     Increment PATCH.
 set(LIBRARY_VERSION_MAJOR 16)
 set(LIBRARY_VERSION_MINOR 0)
-set(LIBRARY_VERSION_PATCH 3)
+set(LIBRARY_VERSION_PATCH 4)
 set(LIBRARY_VERSION "${LIBRARY_VERSION_MAJOR}.${LIBRARY_VERSION_MINOR}.${LIBRARY_VERSION_PATCH}")
 set(LIBRARY_SOVERSION ${LIBRARY_VERSION_MAJOR})
 
diff --git a/include/avif/avif.h b/include/avif/avif.h
index f132912152..3d77b43dd5 100644
--- a/include/avif/avif.h
+++ b/include/avif/avif.h
@@ -57,8 +57,8 @@ extern "C" {
 // to leverage in-development code without breaking their stable builds.
 #define AVIF_VERSION_MAJOR 1
 #define AVIF_VERSION_MINOR 0
-#define AVIF_VERSION_PATCH 3
-#define AVIF_VERSION_DEVEL 1
+#define AVIF_VERSION_PATCH 4
+#define AVIF_VERSION_DEVEL 0
 #define AVIF_VERSION \
     ((AVIF_VERSION_MAJOR * 1000000) + (AVIF_VERSION_MINOR * 10000) + (AVIF_VERSION_PATCH * 100) + AVIF_VERSION_DEVEL)